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The Diamond Market


The Diamond Market

2015 Diamond Market Overview

Rough diamonds are naturally occurring crystals, and appear in a number of forms. In addition to diamonds from Canada, other leading suppliers of rough diamonds include, Russia, Botswana, Democratic Republic of Congo, Australia, Angola, South Africa, and Zimbabwe.

Worldwide production of rough diamonds in 2015 amounted to approximately 127 million carats, at an average price of US$108.96 per carat, for a total market of nearly US$14 billion.

Demand for rough diamonds, and therefore their pricing, is based on pull-through from demand for the polished stones used in jewelry. 

  • Rough diamond supply is constrained; relatively little new supply expected for the next 10 years; and
  • Global demand for rough diamonds is expected to exceed supply, leading to increased prices. China and India are seen as the key long-term growth areas.

The long-term outlook for the diamond market remains positive, with demand expected to outpace supply starting in 2019.   The world rough-diamond demand in the next 15 years is forecasted to grow at an average annual rate of about 3% to 4%, while supply is projected to decline by 1% to 2%, causing the gap between supply and demand to widen starting in 2019. This forecast reflects fundamental supply and demand factors rather than short-term fluctuations or unforeseeable long-term macroeconomic shifts.

The international diamond jewelry market is large, amounting to approximately US$76 billion at retail in 2015. China, India and the US are expected to continue being major diamond jewelry consumers, driving rough-diamond demand.

Retail sales of diamond jewelry grew 4 % in 2014 as solid US sales offset the recent slowdown in China. The results of 2015 to date indicate that the US market continues to grow while the Chinese market continues to slow.


2015 Kimberley Process Scheme – Annual Global Production 
2015 Bain Report – The Global Diamond Industry 2015: Growth Perspectives Amid Short-Term Challenges
2015  Tacy Diamond Pipeline

This web page contains forward-looking information.   Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future.  Readers are cautioned that actual results may differ materially from those set forth herein and are referred to our Terms and Conditions for more information.